By NewsBlogger Ethereum co-founder Vitalik Buterin is debating the Metaverse concept, while the cryptocurrency community is also scrutinizing Bitcoin’s market performance and recent legal developments.
At a glance
- Vitalik Buterin expressed concerns about the poorly defined concept of the Metaverse.
- Buterin believes the Metaverse is more about functionality than virtual reality and is more of a brand name than a specific product.
- Market participants are debating whether Bitcoin has reached its peak or has further room for growth, with Bitcoin currently trading above $69,000.
- Notable inflows into the Spot Bitcoin ETF and the conversion of Hashdex’s futures ETF to primarily hold spot Bitcoin highlight the growing interest in Bitcoin as an investment choice.
- Wladimir van der Laan, a former lead maintainer of Bitcoin Core, is contemplating returning to Bitcoin development following the conclusion of the COPA v. Wright lawsuit, in which Craig S. Wright was ruled not to be Satoshi Nakamoto.
The details
The Metaverse has gained traction recently, with Ethereum co-founder Vitalik Buterin expressing concerns about the poorly defined concept.
Buterin emphasized that the Metaverse is not solely about virtual reality but rather the desire for the functionality of a laptop without a physical device.
He also noted that the idea of the Metaverse is more of a brand name than a specific product.
Buterin’s Vision of the Metaverse
Buterin believes that a true Metaverse experience may be achieved by combining elements of cryptocurrency, virtual reality, and artificial intelligence, rather than attempting to create a Metaverse-like environment directly.
In the realm of cryptocurrency, market participants are debating whether Bitcoin has reached its peak or if there is further room for growth.
Bitcoin is currently trading above $69,000 and has seen renewed investor interest, as indicated by the positive flip in the Coinbase Premium Index.
A poll revealed that 71.9% of respondents anticipate Bitcoin reaching $100,000 by 2024, with only 4.9% doubting that it will ever achieve this milestone.
Bitcoin’s Growing Interest
Notable inflows into the Spot Bitcoin ETF and the conversion of Hashdex’s futures ETF to primarily hold spot Bitcoin further highlight the growing interest in Bitcoin as an investment choice.
Renowned financial expert Robert Kiyosaki has advocated for Bitcoin as a top investment choice and criticized the US dollar.
In the world of Bitcoin development, Wladimir van der Laan, former lead maintainer of Bitcoin Core, is contemplating returning to Bitcoin development following the conclusion of the COPA v. Wright lawsuit.
London High Court judge Edward James Mellor ruled that Craig S. Wright is not Satoshi Nakamoto or the author of Bitcoin’s whitepaper, leading van der Laan to label Wright as an “outright fraud.” Van der Laan expressed relief over the ruling, stating that Wright’s absence could make Bitcoin development less stressful.
He mentioned the possibility of becoming more active in Bitcoin development now that the lawsuit is over.
The court ruling was seen as a win for Bitcoin and open-source development by van der Laan, who had been Bitcoin’s longest-standing lead maintainer, overseeing over 1800 commits to the Bitcoin code.
Van der Laan’s tenure as lead maintainer began in April 2014 and ended in September 2021, when Bitcoin Core adopted a more decentralized model.
His leadership guided Bitcoin through controversial periods, including the “blocksize wars” that led to the Bitcoin Cash hard fork.
Cory Klippsten, CEO of Swan Bitcoin, praised van der Laan’s judgment and adherence to open-source principles, while Gavin Andresen, van der Laan’s predecessor, had his administrator access revoked after advocating for larger Bitcoin blocks and once supporting Craig Wright.
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Facts attribution
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| cryptopotato.com |
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| – Metaverse has gained traction in recent years – Ethereum co-founder Vitalik Buterin believes the concept of the Metaverse is poorly defined – Buterin pointed out that the Metaverse is not solely about virtual reality – Buterin suggested that people desire the functionality of a laptop without the physical device – Buterin stated that the idea of the Metaverse is more like a brand name than a product – A true Metaverse experience may come from combining elements of crypto, virtual reality, and artificial intelligence – Buterin believes that combining existing virtual world elements is more likely to create a meaningful Metaverse experience than attempting to create a Metaverse-like environment directly |
| cryptopotato.com |
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| – Market participants are contemplating whether Bitcoin has reached its peak or if there is further room for growth – Bitcoin is slowly regaining strength and trading above $69k – 71.9% of respondents in a poll anticipate Bitcoin reaching $100k by 2024 – 18.1% foresee this milestone in 2025, with only 5.1% expecting it in 2026 or beyond – A mere 4.9% doubt that Bitcoin will ever achieve the $100k mark – The Coinbase Premium Index has flipped positive, indicating renewed interest from investors – Spot Bitcoin ETF is seeing notable inflows and new players are preparing to offer similar products – Asset management company Hashdex is converting its futures ETF to hold spot Bitcoin primarily – The Hashdex Bitcoin ETF will allocate assets to spot Bitcoin with a minor portion in Bitcoin futures contracts – Robert Kiyosaki advocated for Bitcoin as a top investment choice and criticized the US dollar |
| cryptopotato.com |
|---|
| – Wladimir van der Laan, former lead maintainer of Bitcoin Core, is considering returning to Bitcoin development after the COPA v. Wright lawsuit concluded. |
| – London high court judge Edward James Mellor ruled that Craig S. Wright is not Satoshi Nakamoto or the author of Bitcoin’s whitepaper. – Van der Laan called Wright an “outright fraud” and expressed relief over the ruling, stating that Wright’s absence could make Bitcoin development less stressful. – Van der Laan mentioned that he might become more active in Bitcoin development again now that the lawsuit is over. -Wright used lawsuits to challenge his claim to Bitcoin’s invention, including defamation suits against those who labeled him a fraud. -The Crypto Open Patent Alliance (COPA) filed a lawsuit against Wright to settle his claims as fraudulent and prevent him from harassing developers. – Van der Laan believes the court’s ruling was a win for Bitcoin and open-source development. – Van der Laan was Bitcoin’s longest-standing lead maintainer, responsible for over 1800 commits to the Bitcoin code. – His tenure as lead maintainer began in April 2014 and ended in September 2021 when Bitcoin Core adopted a more decentralized model. – Van der Laan led Bitcoin through controversial periods, including the “blocksize wars” that led to the Bitcoin Cash hard fork. – Cory Klippsten, CEO of Swan Bitcoin, praised van der Laan’s judgment and adherence to open-source principles. – Gavin Andresen, van der Laan’s predecessor, had his administrator access revoked after advocating for larger Bitcoin blocks and once supporting Craig Wright. |
